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Carpinteria oil firm seeks $17M in malpractice suit

By   /  Friday, May 2nd, 2014  /  Law, Top Stories  /  Comments Off on Carpinteria oil firm seeks $17M in malpractice suit

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Hyde Park Acquisition deal delay clouds Santa Maria Energy’s plans

By   /  Friday, April 25th, 2014  /  Banking & Finance, Central Coast, Top Stories, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Hyde Park Acquisition deal delay clouds Santa Maria Energy’s plans

Hyde Park’s investors spurned the Santa Maria Energy deal, at least for now. Sixty-seven percent voted to push the final vote on the merger back to April 30, signaling there were not enough votes to approve the deal outright.

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Editorial: Ukrainian crisis illustrates power of the free market

By   /  Friday, March 7th, 2014  /  Editorials, Opinion  /  Comments Off on Editorial: Ukrainian crisis illustrates power of the free market

The “markets matter” lesson should not be lost on some of the most left-leaning members of the Democratic party, who may find themselves on the wrong side of history when it comes to America’s resurgent energy markets.

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Nipomo oil refinery fight bubbles over

By   /  Friday, February 21st, 2014  /  Central Coast, Real Estate, Top Stories, Tri-County Economy  /  Comments Off on Nipomo oil refinery fight bubbles over

A fight over expansion at an oil refinery near Nipomo has taken shape, with the source of new oil and a potential clash between federal and county regulation of railroads emerging as key issues.

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Chinese firm to pump $665M investment into Santa Maria oil field

By   /  Wednesday, February 19th, 2014  /  Central Coast, Technology, Top Stories, Tri-County Economy  /  Comments Off on Chinese firm to pump $665M investment into Santa Maria oil field

One of the most prominent oil field redevelopments in Santa Barbara County is set to be acquired by a Chinese jewelry firm. Houston-based ERG Resources confirmed to the Business Times that it is set to be acquired by Beijing-based Goldleaf Jewelry Co., a jewelry firm that also has gold mining investments.

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$114M slated to fuel Santa Maria Energy operations

By   /  Friday, January 10th, 2014  /  Central Coast, Real Estate, Top Stories, Tri-County Economy, Tri-County Public Companies  /  Comments Off on $114M slated to fuel Santa Maria Energy operations

Santa Maria Energy has disclosed plans to pump up to $114 million into Santa Barbara County this year as it pursues its $1.2 billion in oil reserves and more than 7,700 potential drilling locations.

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Outside funds fuel county’s energy boom

By   /  Friday, December 13th, 2013  /  Central Coast, South Coast, Top Stories, Tri-County Economy  /  Comments Off on Outside funds fuel county’s energy boom

Santa Maria Energy’s deal to go public and bring its total funds raised to date to an estimated $90 million caps a flurry of renewed investment and activity in Santa Barbara County’s oil fields, both onshore and offshore. In addition to 136 wells that Santa Maria Energy has planned, Denver-based Venoco has proposals before regulators Read More →

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